125 Post-cessation property relief
Income Tax Act 2007 (2007 c 3) | Legislation

Post-cessation property relief

125  Post-cessation property relief

(1)     A person may make a claim for post-cessation property relief if, after permanently ceasing to carry on a UK property business (whether carried on alone or in partnership)—

(a)     the person makes a qualifying payment, or

(b)     a qualifying event occurs in relation to a debt owed to the person,

and the payment is made, or the event occurs, within 7 years of that cessation.

(2)     If the claim is

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